Insider Selling: Stingray Group (TSE:RAY.A) Senior Officer Sells 4,200 Shares of Stock

Stingray Group (TSE:RAY.A) Senior Officer Mario Dubois sold 4,200 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$8.30, for a total transaction of C$34,860.00.

Mario Dubois also recently made the following trade(s):

• On Friday, November 15th, Mario Dubois sold 100 shares of Stingray Group stock. The shares were sold at an average price of C$8.30, for a total value of C$830.00.
• On Friday, November 8th, Mario Dubois sold 10,000 shares of Stingray Group stock. The stock was sold at an average price of C$7.99, for a total value of C$79,920.00.
• On Tuesday, September 3rd, Mario Dubois sold 100 shares of Stingray Group stock. The shares were sold at an average price of C$7.85, for a total value of C$785.00.
• On Friday, August 30th, Mario Dubois sold 1,600 shares of Stingray Group stock. The stock was sold at an average price of C$7.85, for a total value of C$12,560.00.
• On Monday, August 26th, Mario Dubois sold 2,000 shares of Stingray Group stock. The shares were sold at an average price of C$8.00, for a total transaction of C$16,000.00.

Stingray Group Stock Performance

Shares of RAY.A opened at C$8.15 on Friday. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69. The firm’s 50 day moving average is C$7.49 and its 200-day moving average is C$7.59. Stingray Group has a 12-month low of C$5.09 and a 12-month high of C$8.54. The stock has a market capitalization of C$433.09 million, a P/E ratio of -28.10, a P/E/G ratio of 1.13 and a beta of 1.07.

Analysts Set New Price Targets

RAY.A has been the topic of several research analyst reports. National Bankshares raised their target price on shares of Stingray Group from C$9.50 to C$10.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. CIBC raised their price objective on shares of Stingray Group from C$10.50 to C$11.00 in a research note on Thursday, November 7th. Royal Bank of Canada upped their target price on Stingray Group from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price target on Stingray Group from C$9.50 to C$10.50 in a research report on Thursday, August 8th.

About Stingray Group

Stingray Group Inc operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres.